{"id":10119,"date":"2022-03-30T20:33:38","date_gmt":"2022-03-30T20:33:38","guid":{"rendered":"https:\/\/taxops.com\/?p=10119"},"modified":"2022-03-30T20:42:12","modified_gmt":"2022-03-30T20:42:12","slug":"how-tos-for-partnerships-and-s-corporations-in-colorado-2","status":"publish","type":"post","link":"https:\/\/taxops.com\/how-tos-for-partnerships-and-s-corporations-in-colorado-2\/","title":{"rendered":"State Legislatures Move on Tax Reform and Relief"},"content":{"rendered":"\n<div style=\"height:51px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"577\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/taxops.com\/wp-content\/uploads\/2022\/03\/State-Legislatures-Move-on-Tax-Reform-and-Relief-3-1024x577.png\" alt=\"Tax Law Books of shelves\" class=\"wp-image-10123 lazyload\" data-srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2022\/03\/State-Legislatures-Move-on-Tax-Reform-and-Relief-3-980x552.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2022\/03\/State-Legislatures-Move-on-Tax-Reform-and-Relief-3-480x270.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><noscript><img decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/taxops.com\/wp-content\/uploads\/2022\/03\/State-Legislatures-Move-on-Tax-Reform-and-Relief-3-1024x577.png\" alt=\"Tax Law Books of shelves\" class=\"wp-image-10123 lazyload\" srcset=\"https:\/\/taxops.com\/wp-content\/uploads\/2022\/03\/State-Legislatures-Move-on-Tax-Reform-and-Relief-3-980x552.png 980w, https:\/\/taxops.com\/wp-content\/uploads\/2022\/03\/State-Legislatures-Move-on-Tax-Reform-and-Relief-3-480x270.png 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/noscript><\/figure>\n\n\n\n<div style=\"height:57px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><em>T<em>he Tax Foundation has compiled an extensive list of bills enacted, introduced and under consideration in 33 states to advance tax reform and relief.<\/em><\/em> <em>Only two states are working in the opposite direction. <\/em><\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">The Tax Foundation has compiled a list of major state tax changes that have been enacted, advancing, and worth keeping an eye on. Among the items under consideration for change includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Income tax reductions have been enacted in Idaho, Indiana, Iowa, and Utah, and are under consideration in Colorado, Missouri, Nebraska, New York, Oklahoma, and South Carolina. Mississippi\u2019s rates will be flattened and reduced when the Governor signs legislation.<\/li><li>Corporate income tax rate reductions have been enacted in Idaho, Iowa, and Utah, and under consideration in Colorado, Missouri, and Pennsylvania. New Mexico has enacted a permanent sales tax&nbsp;rate reduction.<\/li><li>Changes in sales taxes on groceries are under consideration in Kansas (reduction) and Illinois, Oklahoma, and Tennessee (suspension).<\/li><li>Temporary relief measures are under consideration in Connecticut, Georgia, and Maryland (gas tax suspension) and await the governor\u2019s signature in Florida.&nbsp;<\/li><li>A new sales tax holiday has been enacted in Connecticut, and two new sales tax holidays await the governor\u2019s signature in Florida.<\/li><li>Income tax rebates have been enacted in Georgia and Idaho.<\/li><li>Only two states, Hawaii and Massachusetts, have introduced proposals to raise taxes.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Read the full report at: <a href=\"https:\/\/taxfoundation.org\/2022-state-tax-reform\/?mc_cid=c6179254b0&amp;mc_eid=e5bb68bfa0\" target=\"_blank\" rel=\"noreferrer noopener\">Tax Foundation<\/a><\/p>\n\n\n\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/taxops.com\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Let&#8217;s Talk Tax<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:54px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"more-tax-news\">More Tax News<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/auditor-independence-in-the-age-of-private-equity\/\">Auditor Independence in the Age of Private Equity: What CFOs Need to Know<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/r-d-credits-for-software-companies\/\">R&amp;D Credits for Software Companies: Scrum Teams, Qualifiers, and Section 174 After OBBBA<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/section-174-decoupling-what-tax-pros-need-to-know-state-by-state\/\">Section 174 Decoupling: What Tax Pros Need To Know State By State<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/sean-espy-new-partner\/\">TaxOps Welcomes Sean Espy as Partner, Tax Minimization<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/taxops.com\/state-nexus-demystified-navigating-tax-compliance-after-wayfair-episode-1-2\/\">Your Tax Footprint Is Probably Bigger Than You Think: What Finance Leaders Need to Know About State Nexus<\/a><\/li>\n<\/ul>\n\n\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/taxops.com\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe to Tax News<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Tax Foundation has compiled an extensive list of bills enacted, introduced and under consideration in 33 states to advance tax reform and relief. Only two states are working in the opposite direction. The Tax Foundation has compiled a list of major state tax changes that have been enacted, advancing, and worth keeping an eye [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":10123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","spt_transcript":"","footnotes":""},"categories":[229,226],"tags":[252,284,126,45,265,946,36,41,18,19,30,101,945,80,944],"class_list":["post-10119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state-and-local","category-tax-news","tag-accountant","tag-cfo","tag-cpa","tag-credit","tag-finance-professional","tag-flat-tax","tag-income-tax","tag-nexus","tag-sales-and-use-tax","tag-sales-tax","tag-state-and-local-tax","tag-state-tax","tag-tax-increase","tag-tax-provider","tag-tax-reduction"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/taxops.com\/wp-content\/uploads\/2022\/03\/State-Legislatures-Move-on-Tax-Reform-and-Relief-3.png","_links":{"self":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/10119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/comments?post=10119"}],"version-history":[{"count":2,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/10119\/revisions"}],"predecessor-version":[{"id":10124,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/posts\/10119\/revisions\/10124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media\/10123"}],"wp:attachment":[{"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/media?parent=10119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/categories?post=10119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxops.com\/wp-json\/wp\/v2\/tags?post=10119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}